Now,NOC not required to transfer freehold propertyhttps://indianexpress.com/article/cities/chandigarh/now-noc-not-required-to-transfer-freehold-property/

Now,NOC not required to transfer freehold property

After the Estate Office,it is the Chandigarh Housing Board that has decided to do away with the condition of procuring a no-objection certificate before transferring freehold property.

After the Estate Office,it is the Chandigarh Housing Board (CHB) that has decided to do away with the condition of procuring a no-objection certificate (NOC) before transferring freehold property. In a bid to provide relief to several owners of freehold flats and dwelling units of the CHB,the board members at a meeting held on Tuesday agreed in principle to adopt the norm already being put to use by the UT Estate Office. Earlier,it was the Estate Office that had allowed the transfer of property without seeking an NOC,after the court’s intervention in the matter. However,the benefit comes with a rider as the buyer and seller will have to furnish an affidavit that they will be responsible for any violation. This rider is also applicable if one is transferring a property under the UT Estate Office.